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Dec 18, 2012
12/12
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hopes that that deal on the fiscal cliff would be reached stateside. green across the board, but a lot of regional factors that play, as well, in japan. the shen zinzo abe trade is stin play. the kospi, a little caution here. the kospi now sitting shy at about seven points from that 2,000 thresholds. grater china markets, these were volatile today. about .1%. this market has been rallying over the last few weeks. for the month of december, its up nearly 10%. there's skepticism over whether it can last. keep in mind, this is still the worst performing market in asia under water to the tune of less than 2% now. ia is in focus after aig sold its stake for about $6.5 billion. aia fell, but not too much because this was flagged, of course. in australia, the asx 200 at a new three-month high. we had minutes from the reserve bank of australia giving hope to market watchers that we could see some interest rate cuts next year. the sensex up .6% at the moment after a disappointing announcement from the reserve bank of india. back to you, kelly. >> thank you so m
hopes that that deal on the fiscal cliff would be reached stateside. green across the board, but a lot of regional factors that play, as well, in japan. the shen zinzo abe trade is stin play. the kospi, a little caution here. the kospi now sitting shy at about seven points from that 2,000 thresholds. grater china markets, these were volatile today. about .1%. this market has been rallying over the last few weeks. for the month of december, its up nearly 10%. there's skepticism over whether it...
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Oct 26, 2012
10/12
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coming back to the issue of fiscal cliff, one looks at a range of probabilities. the central case is that there will be an agreement irrespective of who becomes president that they will defer action on dealing with the fiscal cliff until probably the middle of next year and there seems to be a lot of work being dub behind the screens by bowles-simpson and it that's what i think they're really going for, so they have a good six to seven months to try to deal with this medium to long term fiscal problem in the united states. i would assign maybe 20% to the fiscal cliff occurring. and then you'll have a significant cap pull back in equity markets. i think the central belief is at least a sick month extension. >> so we're still just waiting for something to be solved. >> i think what will happen is that probably most of the recommendations made by the simpson-bowles committee will probably be agreed on. dependent upon whether you have a republican or democrat in the white house, there will be variance on fiscal policy. so for example if romney win, i think you will se
coming back to the issue of fiscal cliff, one looks at a range of probabilities. the central case is that there will be an agreement irrespective of who becomes president that they will defer action on dealing with the fiscal cliff until probably the middle of next year and there seems to be a lot of work being dub behind the screens by bowles-simpson and it that's what i think they're really going for, so they have a good six to seven months to try to deal with this medium to long term fiscal...
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Nov 19, 2012
11/12
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dreaded fiscal cliff. we'll bring you the latest out of the u.s. [ female announcer ] want to spend less and retire with more? at e-trade, our free online tools and retirement specialists can help you build a personalized plan and execute it with a wide range of low cost investments. get a great plan and low cost investments at e-trade. . >>> welcome back. you're still watching "worldwide exchange." these are your headlines from around the world. stocks bouncing, beginning the week in the green. hopes of a resolution on the fiscal cliff. barack obama praises myanmar's shift to democracy in a first ever trip by a serving u.s. president to the country. he cautions his trip should not be seen as endorse him ment of government. and ban ki-moon is heading to cairo for emergency negotiations. if you're just tuning in, thank you very much for joinings you. also a pleasure to have you with us. what we're looking at today in market trade, a bounce in europe. dow set to hope higher in the 60, 70 points. nasdaq by ap
dreaded fiscal cliff. we'll bring you the latest out of the u.s. [ female announcer ] want to spend less and retire with more? at e-trade, our free online tools and retirement specialists can help you build a personalized plan and execute it with a wide range of low cost investments. get a great plan and low cost investments at e-trade. . >>> welcome back. you're still watching "worldwide exchange." these are your headlines from around the world. stocks bouncing, beginning...
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Dec 13, 2012
12/12
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unemployment rate. >>> straight ahead on the program, investors are awaiting a fiscal cliff deal, but our next guest says the dollar remain aes safe haven bet even if washington goes over it. find out why when we come back. another business win. aes safe hf washington goes over it. find out why when we come back. if washington goes over it. find out why when we come back. if washington goes over it. find out why when we come back. n if washington goes over it. find out why when we come back. f washington goes over it. find out why when we come back. is pretty amazing. we interact with our offices, anywhere, anytime. charles, you're one of the greatest losers of all time. thank you. >>> let's take a look at the european session. ibex has been flipping back and forth between positive and negative this morning. a debt auction from italy and spain went off relatively well this morning. the ftse lower by .14%. the xetra dax has been the underperfounde underperfo underperformer, down .3%. flipping over to the u.s. now, here is what's on the agenda today in the u.s. a triple play with jobles
unemployment rate. >>> straight ahead on the program, investors are awaiting a fiscal cliff deal, but our next guest says the dollar remain aes safe haven bet even if washington goes over it. find out why when we come back. another business win. aes safe hf washington goes over it. find out why when we come back. if washington goes over it. find out why when we come back. if washington goes over it. find out why when we come back. n if washington goes over it. find out why when we come...
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Nov 28, 2012
11/12
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congress remains at odds over a budget deal to avoid the fiscal cliff. markets were spooked yesterday when senate majority leader harry reid said little progress has been made. today the president speaks at about 11:30 eastern on how potential tax hikes will hurt the middle class. he'll then meet with a second group of ceos at quarter of 5:00 p.m. to get their input on how to solve the fiscal crisis. that group will include brian roberts, doug olberhaman and marisa meyer. james gorman has been enlisting the help of his employees in the fight over the fiscal cliff. "the wall street journal" reports that he asked the bank's more than 16,000 financial advisers to urge their congressmen to reach a bipartisan compromise on a budget deal. gorman says no issue is more critical right now for the u.s. economy, the global financial markets and the financial well-being of our clients. jeff, hi. >> hi. >> pretty extraordinary that james gorman is putting this memo out to his employees, but the fiscal cliff appears to be the issue the global markets are most concerne
congress remains at odds over a budget deal to avoid the fiscal cliff. markets were spooked yesterday when senate majority leader harry reid said little progress has been made. today the president speaks at about 11:30 eastern on how potential tax hikes will hurt the middle class. he'll then meet with a second group of ceos at quarter of 5:00 p.m. to get their input on how to solve the fiscal crisis. that group will include brian roberts, doug olberhaman and marisa meyer. james gorman has been...
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Nov 26, 2012
11/12
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cliff so congress can work on on a bigger deal in 2013. but in an op-ed, republican senator bob corker says both sides need to carve out a $4 trillion package that includes both revenue hikes and spending cuts by the end of the year. >>> still to come, the miss crest shopping day of the year for online retailers. snapping up deals on big ike ket item. we'll get a look. having you ship my gifts couldn't be easier. well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male announcer ] break from the holiday stress. fedex office. >>> today is cyber monday. analysts say it's not as big a day as it's been in past. so many people shopping online over the weekend. but com score still says sales might reach $1.5 billion. pierce, sunday it earlier, consumers appear to be on fire. >> kind of defies gravity a little bit. but with the consumer confidence data in the last three months, the consumer confidence numbers are up at five year highs. >> how do you tra
cliff so congress can work on on a bigger deal in 2013. but in an op-ed, republican senator bob corker says both sides need to carve out a $4 trillion package that includes both revenue hikes and spending cuts by the end of the year. >>> still to come, the miss crest shopping day of the year for online retailers. snapping up deals on big ike ket item. we'll get a look. having you ship my gifts couldn't be easier. well, having a ton of locations doesn't hurt. and a santa to boot! [...
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Dec 10, 2012
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i think even the optimists think if we can get beyond the fiscal cliff it will be positive. but we have to get a long-term budget deficit deal done or we'll continue to be in the slow growth type of economy. >> it's clear everything wants the confidence going forward. when it comes to how they might react to any pressure in the near term, can you explain, you know, whether it's cutting back on capital spending or cutting back on hiring? how companies are taking these decisions into account. it's been one area of uncertainty lately. we've seen stronger payroll despite pullback in capital spending. is the outlook likely to be consistent with that? >> you know, again, i think we're sitting right on the precipice here. we've done this survey year in and year out for a number of years. we also do a cash indicator. i actually see some of this underlying optimism in this survey if congress and the administration can get their act together here. and i think that even in our survey, we looked at the first half of '13 being slow and then the second half picking up. so there is a lot o
i think even the optimists think if we can get beyond the fiscal cliff it will be positive. but we have to get a long-term budget deficit deal done or we'll continue to be in the slow growth type of economy. >> it's clear everything wants the confidence going forward. when it comes to how they might react to any pressure in the near term, can you explain, you know, whether it's cutting back on capital spending or cutting back on hiring? how companies are taking these decisions into...
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Dec 19, 2012
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lawmakers are racing to strike a deal on the fiscal cliff before santa comes to town. but will they be able to reach a deal, or tell be a compromise? i always wait until the last minute. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express ecember 22nd for christmas delivery. >>> welcome back to "worldwide exchange." i'm kelly evans. these are your headlines from around the world. house republicans plan to bring up a plan b in case talks collapse. but agreements in the senate are expected to fall. >>> ubs agrees to pay a $1.5 billion fine for rigging libor rates and warns it could book a loss in the fourth quarter. >>> stocks rise in europe on the backs of a second week of business sentiment. corporate confidence is improving as the eurozone crisis abates. >>> and japan's nikkei breaches the 10,000 mark for the first time in more than eight months. stocks rally after a widening trade deficit softens the yen and heightens expectations for more stimulu
lawmakers are racing to strike a deal on the fiscal cliff before santa comes to town. but will they be able to reach a deal, or tell be a compromise? i always wait until the last minute. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express ecember 22nd for christmas delivery. >>> welcome back to "worldwide exchange." i'm kelly evans. these are your...
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Nov 20, 2012
11/12
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with the debt ceiling at the same time. >> if we get something that the deals with the fiscal cliff pushes gosh yag there is to 2013 on another grand bargain, who is to say that we don't end up here this time next year? >> i suppose is it feasible we might be back exactly the same position next year? >> i think this song and dance can continue for the next three month wills. and unfortunately, even if they were to do a one year extension, which is really bold, because i think everyone probably would agree a three month extension is possible, but if they were to do a one year extension, it still doesn't resolve anything. i think at some point, this is where the bond markets are going to be interesting. you mentioned about the done grade from france. and if they do not get it resolved by the middle of february, march, there's a risk for the u.s. to get downgraded, too. so all these things line up for urgency to get a plan in place. the question is can they actually do it. >> ben bernanke is speaking to the economic club of new york, he'll be talking about the recovery and policy. he w
with the debt ceiling at the same time. >> if we get something that the deals with the fiscal cliff pushes gosh yag there is to 2013 on another grand bargain, who is to say that we don't end up here this time next year? >> i suppose is it feasible we might be back exactly the same position next year? >> i think this song and dance can continue for the next three month wills. and unfortunately, even if they were to do a one year extension, which is really bold, because i think...
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Dec 11, 2012
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to avoid the fiscal cliff and explain what's at stake. i think they may be chasing people down the halls to some extent. >> to be a fly on the wall. >> i guess it's more. we will hear becky personally. >> becky will remind us what's going on today. a pen fee of them will go october trade sales. the like day for earning, that's due before the opening sales. >> always a good read. >>> protests in egypt's tahrir square turns to violence this morning with nine reportedly injured from an unknown gunman. we'll have the latest from cairo when we come back. >>> you are watching "worldwide exchange." these are your headlines. talks on the cliff seem to be advancing as the gop is ready to negotiate. >>> berlusconi sets up the rhetoric on monti. and hsbc settles money laundering charges and agree toes pay a record $1.9 billion fine. nine people have reportedly been injured after unknown gunmen fired at protesters in tahrir square early this morning. mass rallies have been called by both anti-and pro government supporters and ongone divisions over th
to avoid the fiscal cliff and explain what's at stake. i think they may be chasing people down the halls to some extent. >> to be a fly on the wall. >> i guess it's more. we will hear becky personally. >> becky will remind us what's going on today. a pen fee of them will go october trade sales. the like day for earning, that's due before the opening sales. >> always a good read. >>> protests in egypt's tahrir square turns to violence this morning with nine...
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Oct 5, 2012
10/12
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the reason i'm more optimistic than i have been in the past is that the fiscal cliff is really kind of an accident forcing moment. if policymakers don't take it moment to start working on the issue, then we really should be worried and i'm sure credit markets would not respond well. >> oof raised -- you have the campaign to fix the debt, what have you raised, $30 million? probably more now. >> that's right. this campaign to fix the debt which is a campaign debt involves republicans and democrats, it's very bipartisan, bringing together business leaders, citizens, to help put on pressure for congress to come together in a bipartisan way, chief a de achieve a debt deal. and it's raised above $30 million. honestly in this country people know you face challenges. and either you make the choice that it's easy and you can pay the price for many year, or you step up and you make the stuff choices. and people want congress to work together on this one and it will be hard. it will require tough choices, but we know that we have to do it. so there's a lot of support for this campaign. we're eage
the reason i'm more optimistic than i have been in the past is that the fiscal cliff is really kind of an accident forcing moment. if policymakers don't take it moment to start working on the issue, then we really should be worried and i'm sure credit markets would not respond well. >> oof raised -- you have the campaign to fix the debt, what have you raised, $30 million? probably more now. >> that's right. this campaign to fix the debt which is a campaign debt involves republicans...
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Jul 30, 2012
07/12
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cliff that will take effect in january the no budget deal is reached. >> here's the good news. with the president's leadership we can come together. there's a bipartisan answer here that will reduce the deficit and still create an environment for economic growth. >> the senate pass ad bill last week to extend the bush era tax cuts for a year for all the wealthiest americans. house is expected to reject that measure. apple and samsung are facing off in a san francisco courtroom as jury selection begins in the company's patent trial. apple sudden samsung last year claiming its smart phones and tablets are knockoff of the iphone and ipad. the company is techniquing $2.5 billion in damages. samsung is claiming apple is the one doing the selling a. apple ceo tim cook is not expected to testify. apple and samsung shares this morning both higher, samsung, though winning the battle up 3.4% to apple's 1.2. coming up uk retailers are hoping for shopping gold from the olympics but just how much of a boost will the games provide? we'll discuss right after the break. [ female announcer ] wa
cliff that will take effect in january the no budget deal is reached. >> here's the good news. with the president's leadership we can come together. there's a bipartisan answer here that will reduce the deficit and still create an environment for economic growth. >> the senate pass ad bill last week to extend the bush era tax cuts for a year for all the wealthiest americans. house is expected to reject that measure. apple and samsung are facing off in a san francisco courtroom as...
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Dec 7, 2012
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the fiscal cliff still looming. new survey finds more than half of leading investment professionals expect a deal, though, before year end. but it's their opinions on what happens if a compromise isn't reached that is troubling. and sec warning to netflix raising questions about how
the fiscal cliff still looming. new survey finds more than half of leading investment professionals expect a deal, though, before year end. but it's their opinions on what happens if a compromise isn't reached that is troubling. and sec warning to netflix raising questions about how
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Dec 17, 2012
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will avoid going over the fiscal cliff. >> time is running out. now shares in spain's santander and banesto have resumed trading after the country's largest bank announced a deal to absorb its subsidiary. you can see santander shares down about 1% and banesto up about 21% which is interesting because i think the premium that santander was offering was closer to 25%. perhaps it was already priced in. nevertheless, 21.5% to 3.64 a share. santander will close some banesto branches once the takeover is complete. and the deal values banesto at 3.73 billion euros and that's about .25%, 24.9% to friday's closing fray. >>> like-for-like sales in november, the swedish fashion giant sales total sales are up 7%. and the results would ease concerns. the big discounts are weighing on the bottom line. the stock, as a result, up today, up 2.75%, which is a big outperformances in europe. >>> and faps of pressed pork slathered in barbecue sauce, your wait is over. mcdonald's is bringing back the mcrib sandwich. the fast food chain may be looking to grease up its d
will avoid going over the fiscal cliff. >> time is running out. now shares in spain's santander and banesto have resumed trading after the country's largest bank announced a deal to absorb its subsidiary. you can see santander shares down about 1% and banesto up about 21% which is interesting because i think the premium that santander was offering was closer to 25%. perhaps it was already priced in. nevertheless, 21.5% to 3.64 a share. santander will close some banesto branches once the...
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Nov 8, 2012
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political leaders are promise to go avoid the ever looming fiscal cliff. john boehner said he'd pursue a deal with president obama that would include higher taxes under quote/unquote the right conditions to help. our next guest says obama's victory will lead to a risk on phase in markets especially when it comes to the u.s. dollar. joining us is dara mahr. >> it lasted for about 20 minutes, didn't it? we did say it would show how preoccupied the market is with this fiscal cliff. bam, bernanke, no china standoff, if that faded that quickly, it really just und underlines how important this fiscal cliff is for markets going forward. >> so much of the selling pressure we saw yesterday came during the european session and again today, we're seeing europe fall sharply not necessarily on what's happening out of the u.s., but apparently concerns about spain. >> yeah, i think we've had a confluence of events here. we had soft german numbers, we had draghi saying germany's been dragged into this eurozone crisis and i'm ready to buy bonds that won't push up inflation
political leaders are promise to go avoid the ever looming fiscal cliff. john boehner said he'd pursue a deal with president obama that would include higher taxes under quote/unquote the right conditions to help. our next guest says obama's victory will lead to a risk on phase in markets especially when it comes to the u.s. dollar. joining us is dara mahr. >> it lasted for about 20 minutes, didn't it? we did say it would show how preoccupied the market is with this fiscal cliff. bam,...
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Nov 30, 2012
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and still around because still ahead, investors remain on edge over the looming, yes, fiscal cliff. but imf chief christine lagarde says she's hopeful for a deal. >>> draghi tells leaders not to rely solely on the ecb and chastises them for past mistakes. >> the crisis has shown that we were living in a fairy world in is a. sense we underestimated. >> germany finance minister warn as greek detaught could spell the end of the euro as lawmakers prepare to vote on new funds for athens. and japan has surprisingly strong industrial drought put in october and yet another stimulus package sending tokyo stocks to a seven month high. plus president obama takes his case for tax hikes for the wealthy to the american people today as the war of words between democrats and republicans over the fiscal cliff heats up. >>> today we're taking a look at where futures are positioned and the dow jones industrial average is trying to add about 13 points at the open. it's over that 13,000 level we've been watching. the nasdaq, s&p are also looking to finish the month slightly higher. interestingly enough,
and still around because still ahead, investors remain on edge over the looming, yes, fiscal cliff. but imf chief christine lagarde says she's hopeful for a deal. >>> draghi tells leaders not to rely solely on the ecb and chastises them for past mistakes. >> the crisis has shown that we were living in a fairy world in is a. sense we underestimated. >> germany finance minister warn as greek detaught could spell the end of the euro as lawmakers prepare to vote on new funds...
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Dec 12, 2012
12/12
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still trying to avoid the fiscal cliff. president obama says he expects a deal before the year is out. and both sides traded offers yesterday. the markets are watching every move. >>> today is decision day for the fed. central bank announced another round of bond buying. we look ahead to the news conference with ben bernanke. >>> and michigan's governor makes history, turning a one-time union powerhouse
still trying to avoid the fiscal cliff. president obama says he expects a deal before the year is out. and both sides traded offers yesterday. the markets are watching every move. >>> today is decision day for the fed. central bank announced another round of bond buying. we look ahead to the news conference with ben bernanke. >>> and michigan's governor makes history, turning a one-time union powerhouse